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Industrial Heating Equipment Market Analysis By Product, By Application And Segment Forecasts, 2017-2026

  • ID: 5206659
  • Report
  • June 2020
  • Region: Global
  • 284 pages
  • Reports and Data

FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Danfoss
  • Emerson Electric Co.
  • Ingersoll-Rand Plc
  • Johnson Controls
  • Lennox International Inc.
  • MORE
The growing construction industry and an increase in demand for energy-efficient solutions are likely to stimulate demand for industrial heating equipment.

Market Size in 2019 - USD 26.79 billion, Market Growth - CAGR of 3.5%, Market Trends - Increase in demand for energy-efficient solutions

The Global Industrial Heating Equipment Market size is expected to reach USD 33.88 billion by 2027, according to the latest report. After a disappointing trade flow in 2016-2017, global trade in the first half of 2018 has shown significant improvement owing to low global manufacturing output along with unstable crude oil prices. Moving forward, the vulnerability in raw material prices remains a concern, along with unpredictable trade policies adopted by major consumers and manufacturers. The chemical and mining sectors accounted for the largest share in the industrial heating equipment market. This has been calculated on the basis of chemical industries outlook for the future by precedence to a capacity addition of the chemical and the mineral, material, and mining industries. An increase in demand for residential buildings in developed economies, driven by low-interest rates, a decrease in unemployment rates, and low debt service ratios, will positively contribute to the construction activities, which will aid in the growth of the industrial heating equipment market.

Further key findings from the report suggest
  • The heat pump segment was valued at USD 2.53 billion in 2019 and is estimated to reach USD 3.46 billion by the end of the forecast period. The segment is anticipated to grow at a CAGR of 4% due to an exponential increase in the capacity of SMEs under the specialty chemical industry in Asia. This segment registered a decline in production by 11% during 2014-2016; however, it is expected to pick up the pace by the end of 2019.
  • The U.S. region is expected to grow significantly during the forecast period at a CAGR of 4.6%. The industrial sector in the U.S. contributed to over 30% of the thermal demand in the region. In 2010, the petroleum refining and chemicals industries accounted for 31% and 20% of the total process heating energy use, respectively. The petroleum refining and chemical industries use more than 1 quad of energy each for process heating.
  • The demand for thermal energy varies from 900 GJ to 3.6 TJ depending on the size of a refinery plant. The industrial manufacturing sector of Canada accounts for nearly 65% of the thermal energy demand. The paper & pulp and petroleum refining industries are the largest consumers of industrial heating equipment.
  • Key participants in the industry include Danfoss, Ingersoll-Rand Plc, Lennox International, Inc., Daikin Industries Ltd., Robert Bosch GmbH, Johnson Controls, Uponor Corporation, United Technologies Corporation, Emerson Electric Co. and Honeywell International Inc.
  • In 2018, Danfoss acquired shares in Finland-based developer and provider of turnkey IoT solutions, Leanheat. Danfoss plans to strengthen its global position in building energy optimization and management.
For the purpose of this report, Reports and Data has segmented the Global Industrial Heating Equipment Market on the basis of product, application, and region:

Product Outlook (Revenue, USD Million; 2017-2027)
  • Heat Pumps
  • Furnaces
  • Unitary Heaters
  • Boilers
  • Radiant Heaters
  • Others
Application Outlook (Revenue, USD Million; 2017-2027)
  • Oil & Gas
  • Mining Materials & Metals
  • Machinery Manufacturing Industry
  • Automotive
  • Chemical
  • Others
Regional Outlook (Revenue USD Million; 2017-2027)
  • North America
  • U.S.
  • Europe
  • Germany
  • U.K.
  • Asia Pacific
  • China
  • India
  • Latin America
  • Brazil
  • Middle East & Africa
Reasons to Buy the Report
  • A robust analysis and estimation of the Industrial Heating Equipment Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
  • A holistic competitive landscape of the all the major players in the Industrial Heating Equipment market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
  • Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
  • Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
  • Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Danfoss
  • Emerson Electric Co.
  • Ingersoll-Rand Plc
  • Johnson Controls
  • Lennox International Inc.
  • MORE
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Industrial Heating Equipment Market Segmentation & Impact Analysis
4.1. Industrial Heating Equipment Segmentation Analysis
4.2. Industrial Outlook
4.3. Regulatory Framework
4.4. Industrial Heating Equipment Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Growing Construction Industries
4.4.1.2. Demand for energy efficient solutions
4.4.2. Market restraint analysis
4.4.2.1. High Costs
4.5. Key opportunities prioritized
4.6. ETOP Analysis
4.7. Porter’s Five Forces Analysis
4.8. Competitive Metric Space Analysis
4.9. Price trend Analysis

Chapter 5. Industrial Heating Equipment Market By Product Insights & Trends
5.1. Product Dynamics & Market Share, 2018 & 2026
5.2. Heat Pumps
5.2.1. Market estimates and forecast, 2016 - 2026 (USD Million)
5.2.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)
5.3. Furnaces
5.3.1. Market estimates and forecast, 2016 - 2026 (USD Million)
5.3.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)
5.4. Unitary Heaters
5.4.1. Market estimates and forecast, 2016 - 2026 (USD Million)
5.4.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)
5.5. Boilers
5.5.1. Market estimates and forecast, 2016 - 2026 (USD Million)
5.5.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)
5.6. Radiant Heaters
5.6.1. Market estimates and forecast, 2016 - 2026 (USD Million)
5.6.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)
5.7. Others
5.7.1. Market estimates and forecast, 2016 - 2026 (USD Million)
5.7.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)

Chapter 6. Industrial Heating Equipment Market By Application Insights & Trends
6.1. Application Dynamics & Market Share, 2018 & 2026
6.2. Oil & Gas
6.2.1. Market estimates and forecast, 2016 - 2026 (USD Million)
6.2.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)
6.3. Mining Materials & Metals
6.3.1. Market estimates and forecast, 2016 - 2026 (USD Million)
6.3.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)
6.4. Machinery Manufacturing Industry
6.4.1. Market estimates and forecast, 2016 - 2026 (USD Million)
6.4.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)
6.5. Automotive
6.5.1. Market estimates and forecast, 2016 - 2026 (USD Million)
6.5.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)
6.6. Chemical
6.6.1. Market estimates and forecast, 2016 - 2026 (USD Million)
6.6.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)
6.7. Others
6.7.1. Market estimates and forecast, 2016 - 2026 (USD Million)
6.7.2. Market estimates and forecast, by region, 2016 - 2026 (USD Million)

Chapter 7. Industrial Heating Equipment Market Regional Outlook
7.1. Industrial Heating Equipment Market share by region, 2018 & 2026
7.2. North America
7.2.1. North America Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.2.2. North America Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.2.3. North America Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.2.4. U.S.
7.2.4.1. U.S. Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.2.4.2. Germany Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.2.4.3. U.S. Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.3. Europe
7.3.1. Europe Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.3.2. Europe Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.3.3. Europe Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.3.4. Germany
7.3.4.1. Germany Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.3.4.2. Germany Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.3.4.3. Germany Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.3.5. U.K.
7.3.5.1. U.K. Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.3.5.2. U.K. Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.3.5.3. U.K. Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.3.6. France
7.3.6.1. France Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.3.6.2. France Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.3.6.3. France Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.4.2. Asia Pacific Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.4.3. Asia Pacific Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.4.4. China
7.4.4.1. China Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.4.4.2. China Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.4.4.3. China Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.4.5. India
7.4.5.1. India Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.4.5.2. India Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.4.5.3. India Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.4.6. Japan
7.4.6.1. Japan Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.4.6.2. Japan Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.4.6.3. Japan Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.5. Middle East & Africa
7.5.1. MEA Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.5.2. MEA Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.5.3. MEA Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.6. Latin America
7.6.1. Latin America Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.6.2. Latin America Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.6.3. Latin America Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)
7.6.4. Brazil
7.6.4.1. Brazil Industrial Heating Equipment Market estimates and forecast, 2016 - 2026, (USD Million)
7.6.4.2. Brazil Industrial Heating Equipment Market estimates and forecast By Product, 2016 -2026, (USD Million)
7.6.4.3. Brazil Industrial Heating Equipment Market estimates and forecast by Application, 2016 -2026, (USD Million)

Chapter 8. Competitive Landscape
8.1. Market Revenue Share by Manufacturers
8.2. Manufacturing Cost Breakdown Analysis
8.3. Mergers & Acquisitions
8.4. Market positioning
8.5. Strategy Benchmarking
8.6. Vendor Landscape

Chapter 9. Company Profiles
9.1. Danfoss
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. United Technologies Corporation
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Ingersoll-Rand Plc
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Lennox International, Inc.
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Daikin Industries Ltd.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Johnson Controls
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Robert Bosch GmbH
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Uponor Corporation
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Emerson Electric Co.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Honeywell International Inc.
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
Note: Product cover images may vary from those shown
  • Danfoss
  • United Technologies Corporation
  • Ingersoll-Rand Plc
  • Lennox International Inc.
  • Daikin Industries Ltd.
  • Johnson Controls
  • Robert Bosch GmbH
  • Uponor Corporation
  • Emerson Electric Co.
  • Honeywell International Inc.
Note: Product cover images may vary from those shown
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